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Fieldstone, Inc. v. Chapman

Appellate Division of the Supreme Court of New York, First Department
Jun 14, 2001
284 A.D.2d 195 (N.Y. App. Div. 2001)

Opinion

June 14, 2001.

Order, Supreme Court, New York County (Helen Freedman, J.), entered on or about December 14, 2000, which, in an action by a corporation against a former employee for breach of fiduciary duty, denied defendant's motion to dismiss the complaint for failure to state a cause of action, unanimously affirmed, without costs.

Robert C. Sentner, for plaintiff-respondent.

Joseph DeSimone, for defendant-appellant.

Before: Williams, J.P., Mazzarelli, Andrias, Lerner, Saxe, JJ.


The order should be affirmed even assuming the applicability of the more stringent standard of causation urged by defendant (see, LNC Investments v. First Fid. Bank, 173 F.3d 454, 465-466). While the decision to terminate plaintiff's participation as an underwriter in the subject public offering could only have been made by the company undergoing a public offering or its agents, the complaint contains allegations concerning that company's relationship with defendant sufficient to permit a finding that it would not have terminated plaintiff's participation but for the alleged conversations it had with defendant.


Summaries of

Fieldstone, Inc. v. Chapman

Appellate Division of the Supreme Court of New York, First Department
Jun 14, 2001
284 A.D.2d 195 (N.Y. App. Div. 2001)
Case details for

Fieldstone, Inc. v. Chapman

Case Details

Full title:FIELDSTONE, INC., PLAINTIFF-RESPONDENT, v. JAMES N. CHAPMAN…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jun 14, 2001

Citations

284 A.D.2d 195 (N.Y. App. Div. 2001)
726 N.Y.S.2d 261

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